Answered: The aim of a tariff is to: (a) maximise…

The aim of a tariff is to: (a) maximise total surplus. (b) protect domestic consumers. (c) protect domestic producers. (d) create deadweight loss.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter35: International Trade Restrictions

Section: Chapter Questions

Problem 3E

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Question

The aim of a tariff is to:
(a) maximise total surplus.
(b) protect domestic consumers.
(c) protect domestic producers.
(d) create deadweight loss.

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